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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

Chinese Trade Surplus Rose Sharply in April

9 Groups   
Wall Street Journal - 05.10.2012 Original article ›
Aaron Back, Aaron, Back
LyrArc Article Gist
China's trade surplus increased to $18.4 billion in April from $5.4 billion in March. Exports were up 4.9%, slower than expected and down from 8.9% in March. But imports went up by only 0.3%, much lower than March's 5.3% increase. The hopes for improving the trade balance in recent months may be dashed because of slowing imports for infrastructure development, as economic growth slows in China, even as export growth declines from its earlier high levels.
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A Political Dynasty in India After a Crippling Defeat

6 Groups   
New York Times - 05.19.2014 Original article ›
Ellen Barry, Ellen, Barry

It’s the American Dream, Stupid

14 Groups   
Wall Street Journal - 01.10.2016 Original article ›
Kimberley A. Strassel, Kimberley, A., Strassel
LyrArc Article Gist
The WSJ's Kimberley Strassel says a Republican winning the White House in 2016 depends on how well the party appeals to white working class voters and the struggling middle class living from paycheck to paycheck. She says Speaker Paul Ryan is taking the right step in coming up with the idea of the Kemp Forum on Expanding Opportunity event in January 2016. Presidential candidates attending the forum are Jeb Bush, Marco Rubio, Chris Christie, John Kasich. Not attending are Ted Cruz and Donald Trump who are getting support from voters who are discouraged by establishment policies. Strassel says upward mobility for the midddle and working class is emerging as the No. 1 issue in the election, especially with Hillary Clinton leading the Democrats.
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Obama Urges Journalists to Cover the Substance of the Campaign

3 Groups   
New York Times - 03.28.2016 Original article ›
Mark Landler, Mark, Landler

Volkswagen Finds Big Upfront Costs Savage Its Profit - WSJ.com

13 Groups   
Wall Street Journal - 10.28.2006 Original article ›
Stephen Power, Stephen, Power, Christoph Rauwald, Christoph, Rauwald
LyrArc Article Gist
As part of the effort to become more competitive with Asian automakers, VW is using new strategies with labor to reduce costs. VW made a one-off payment of about 6,300 to each of 80,000 employees at its western German manufacturing plants. In return VW secured union agreement to change work schedules at the plants to 33 hours a week from 28.8 hours, without having to make a pay increase. This is part of concessions being made by labor as Germany tries to improve its competitiveness. VW's second largest shareholder is the German state of Lower Saxony, and VW makes many automobile parts in its German plants in addition to automobile assembly, making employment a major issue for industry, labor and government.
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Romney Defends Jobs Record

2 Groups   
Wall Street Journal - 07.25.2011 Original article ›
Sara Murray, Sara, Murray

The Blue-City Model

1 Groups   
Wall Street Journal - 04.29.2015 Original article ›
Editorial
LyrArc Article Gist
This WSJ editorial after the riots in Baltimore, points out that the "blue city model" is not working. Baltimore has 8.4% unemployment compared to the 5.4% unemployment in the state, and 21% unemployment in the neighborhood of African- American Freddie Gray in Baltimore. It says failing public schools, economic decline with people leaving the city, and a general lack of opportunity, are causes for the breakdown in the city leading to the call of the National Guard by the governor to maintain law and order. The editorial emphasizes the need for private economic development, "broken windows" policing of the type encouraged under Mayors Giuliani and Bloomberg in New York City, a culture of personal responsibility, and school choice, as a way out of the crisis in American cities such as Baltimore that are failing.
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What Came Before Baltimore’s Riots

1 Groups   
New York Times - 04.28.2015 Original article ›
The Editorial Board, The, Editorial, Board

Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices

12 Groups   
Wall Street Journal - 03.03.2015 Original article ›
Ted Mann, Ted, Mann

An Accord (and Lessons) to Remember

10 Groups   
Wall Street Journal - 09.21.2010 Original article ›
James Simms, James, Simms
LyrArc Article Gist
Simms looks at the Plaza Accord of 1985 and the 60% appreciation of the yen, the lowering of interest rates and the real estate bubble that followed, and what this tells China's economic planners about managing the renminbi. A academic member of the People's Bank of China, Yu Yongding, sees one of the lessons as how Japan mismanaged the aftermath and creation of the asset bubble. There may be different complexities in China's situation with the increase in local government debt and loans in the shadow banking system, so that China cannot become complacent.
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Obama, Empathy and the Midterms

16 Groups   
New York Times - 09.25.2010 Original article ›
John Harwood, John, Harwood
LyrArc Article Gist
A black supporter of Obama, Ms. Hart, tells him- " I'm exhausted of defending you, defending your administration. I've been told that I voted for a man who was going to change things in a meaningful way for the middle class." This encounter happened at an hour long town hall meeting on CNBC, which John Harwood moderated. Harwood asked Obama whether he was having difficulty connecting with average Americans because of attending Ivy League schools and spending part of his youth overseas. The incident reflects the frustration and disappointment felt by average Americans with the Obama administration and with Obama.
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Wanted: Jobs for the New 'Lost' Generation

7 Groups   
Wall Street Journal - 09.14.2013 Original article ›
Ben Casselman, Ben, Casselman, Marcus Walker, Marcus, Walker

Auto Sales in Japan Drop to a 35-Year Low

1 Links 3 Groups   
Wall Street Journal - 01.08.2008 Original article ›
Yoshio Takahashi, Yoshio, Takahashi
LyrArc Article Gist
Sales of new vehicles are in even steeper decline in Japan than in Germany. Germany saw a boost with reunification with East Germany. Eastern Europe is next door for sales and manufacturing. Sales declined 7.6% in 2007 over 2006 to reach 3.406 million vehicles, the lowest level since 1972. With 9 new models Toyota's sales declined by 6% in 2007. Something is happening in the developed country markets that shows the markets there are declining relative to the new markets in Asia and other emerging markets. How automakers fare in the future and which survive and grow will depend on how they prepare and execute strategies for these markets focussing on new design, efficient manufacturing and new technologies These markets will bring a different set of customers looking for improvements.
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Departing EADS Chief Urges Europe to Recommit to Industry

1 Links 17 Groups   
New York Times - 04.12.2012 Original article ›
Nicola Clark, Nicola, Clark
LyrArc Article Gist
Louis Gallois, CEO of EADS gives his views about reviving European industrial competitiveness.
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Osborne Promises More Regulatory Powers to Split Up British Banks

10 Groups   
New York Times - 02.04.2013 Original article ›
Mark Scott, Mark, Scott
LyrArc Article Gist
George Osborne, Britain's Chancellor of the Exchequer, says he supports giving regulators powers to take action to split banks that do not ring fence their risky operations and separate deposit taking from risk taking activities. He says this as parliament considers legislation on banking regulation after the LIBOR investigations and problems in British banking following the 2008 financial crisis. Osborne said: "Irresponsible behavior was rewarded, failure was bailed out, and the innocent- people who have nothing to do whatsoever with the banks- suffered." Referring to the larger role of the financial industry in the British economy, Osborne stated: "Our country has paid a higher price than any other major economy for what went so badly wrong in our banking system." This comes as Britain feels the impact of a decline in growth in 2013.
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France, Unlike U.S., Is Deep Into Stimulus Projects

6 Groups   
New York Times - 07.07.2009 Original article ›
Nelson D. Schwartz, Nelson, D., Schwartz
LyrArc Article Gist
France is moving quickly with spending on the $37 billion stimulus. Public buildings, museums, cathedrals and historical sites are being renovated in 2009. About 50 chateaus, and 75 cathedrals are part of 100 million euros for cultural centres. About 75% of France's stimulus money will be spent in 2009, in contrast to the slow work in the USA.
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Smog Clears on China Energy Reform

16 Groups   
Wall Street Journal - 03.08.2013 Original article ›
Tom Orlik, Tom, Orlik
LyrArc Article Gist
Air pollution concerns are leading China's National Development Reform Commission to set a higher goal for cleaner energy. The NDRC plans a 52 gigawatt increase in installed capacity for green energy in 2013, an increase from 36 gigawatts in 2012. This includes 10 gigawatts for solar energy. Clean energy will take up 57% of additions to installed capacity in 2013, compared to 35% in 2010, according to Tian Miao, an energy anayst at NSBO.
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Justin Trudeau Elected Prime Minister of Canada

3 Groups   
Wall Street Journal - 10.20.2015 Original article ›
Paul Vieira, Paul, Vieira

For Canada, Most Noticeable Change Under Justin Trudeau Could Be Tone

3 Groups   
New York Times - 10.20.2015 Original article ›
Ian Austen, Ian, Austen

Europe’s Central Banker Engineers His Economics

3 Groups   
New York Times - 02.05.2008 Original article ›
Mark Landler, Mark, Landler
LyrArc Article Gist
Is Trichet's approach at the ECB more like that of an engineer who is good at fixing things when its clear that something is broken, but not so good at seeing things further ahead, which is what the next phase of the mortgage and credit crisis will present.
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Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth

4 Groups   
New York Times - 02.16.2016 Original article ›
Ben Hubbard, Ben, Hubbard

In Los Angeles, Where the Rich and the Destitute Cross Paths

5 Groups   
New York Times - 07.02.2018 Original article ›
Tim Arango

The Fed's Soft Launch of QE3

3 Groups   
Wall Street Journal - 06.21.2012 Original article ›
Justin Lahart, Justin, Lahart

Appetite for (Creative?) Destruction

11 Groups   
Wall Street Journal - 01.13.2012 Original article ›
Gregory Zuckerman, Gregory, Zuckerman, Ryan Dezember, Ryan, Dezember

Respect for ADP: Jobs Picture Is Brighter Than Thought

1 Groups   
Wall Street Journal - 02.04.2011 Original article ›
Kelly Evans, Kelly, Evans

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